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BRENT TECHS: (V18) Downtrend Intact For Now *RES....>

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (V18) Downtrend Intact For Now 
*RES 4: $75.41 - 55-DMA 
*RES 3: $74.41 - 21-DMA 
*RES 2: $74.35 - Low July 26, 27 
*RES 1: $73.75 - High August 2
*PRICE: $73.39 @ 0545GMT 
*SUP 1: $73.81 - Hourly Low August 2 
*SUP 1: $71.84 - Low August 2
*SUP 2: $71.30 - Low July 18 
*SUP 3: $70.95 - Bear channel bottom 
Brent received a strong bid just above the July 18, 19 lows and bear channel
bottom, and a break above yesterday's high or $73.75 would put the focus on the
21-DMA and 55-DMA which have acted as stiff resistance in the past. On the
downside, $73.81 is the first line of defense, while a break below yesterday's
low of $71.84 would pave the way for another run at the channel bottom. 

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